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CRISPR Therapeutics AG (CRSP)

Fair bewertet
HealthcareBiotechnologySwitzerland

Fundamental

27

Kurs

$55.68

Marktkapitalisierung

$5.39B

Teil 1 · Was das Unternehmen wert ist

Übersicht

CRISPR Therapeutics develops medicines based on gene editing — cutting and correcting DNA directly inside cells rather than treating symptoms with a conventional drug. Its lead product, Casgevy, a one-time treatment for sickle cell disease and beta thalassemia, is approved and sold by its partner Vertex Pharmaceuticals. Beyond Casgevy, the company runs its own pipeline of experimental gene-edited cell therapies and in-vivo editing programmes aimed at cardiovascular, metabolic, autoimmune, oncology and other rare diseases.

Wie das Geld verdient wird

CRISPR Therapeutics earns most of its money not from selling a product itself, but from its share of Casgevy's profits and losses under a 60/40 arrangement with Vertex, which manufactures, markets and books the product's own commercial revenue. The company also collects upfront and milestone payments from research collaborations. Its own pipeline programmes are pre-revenue and consume cash through clinical trials, so overall revenue is small, uneven, and depends on Vertex's commercial execution rather than on sales the company controls directly.

Wichtigste Risiken

  • Early-stage gene editing technology and clinical trial risk — The company states that CRISPR/Cas9 gene editing is a relatively new technology with a limited history of clinical trials, making it hard to predict how long or how much it will cost to develop new product candidates, or whether past trial results will be repeated in future studies.
  • Regulatory caution toward gene therapy — The company states that regulators including the FDA and EMA have shown caution toward gene therapy, and that ethical and legal concerns could lead to additional restrictions on developing or commercializing its product candidates.
  • Dependence on Vertex for Casgevy — Vertex leads global development, manufacturing and commercialization of Casgevy and books its revenue directly, sharing program costs and profits 60/40 with CRISPR Therapeutics, which does not control the pace or quality of the product's commercial rollout.
  • Intellectual property uncertainty — The company states it faces uncertainty over intellectual property protection for its gene editing technology, including third-party patent rights relevant to CRISPR/Cas9 that have been the subject of ongoing interference proceedings.

Kundenkonzentration

The company does not report a numeric customer split, but structurally almost all near-term revenue depends on a single partner, Vertex, which leads Casgevy's global development, manufacturing and commercialization.

Die Argumente dafür

Buyers argue that Casgevy's approval validates CRISPR Therapeutics' gene editing platform commercially, that its cash position of nearly $2 billion funds a broad pipeline of in-vivo and cell-therapy programmes without near-term financing risk, and that success in any one of several disease areas could open a large new market.

Die Argumente dagegen

Sellers worry that Casgevy revenue is small and controlled by Vertex rather than by CRISPR Therapeutics itself, that gene editing remains a young technology regulators treat cautiously, and that the pipeline behind Casgevy is still pre-revenue and could consume cash for years before any of it reaches the market, if it ever does.

Written by the editors, published on 18. August 2026

Direct competitors

Who this company fights with for the same customers

Generated on 18. September 2026 with claude-haiku-4-5 — shared with all users

Intellia Therapeutics, Inc.NTLA

The closest peer on CRISPR/Cas9 medicine: both companies are building in vivo, lipid-nanoparticle-delivered gene-editing therapies for rare and cardiovascular diseases, competing for the same patients, trial sites and pharma partnerships.

Beam Therapeutics Inc.BEAM

Beam's base-editing therapy for sickle cell disease targets exactly the patient population CRISPR Therapeutics addresses with Casgevy, and both also pursue liver-directed in vivo editing.

Editas Medicine, Inc.EDIT

Editas develops gene-editing therapies that raise fetal haemoglobin in blood stem cells — the same biological mechanism and the same sickle cell and beta-thalassaemia market Casgevy serves.

Genetix Biotherapeutics (formerly bluebird bio, Inc.)Not tracked

Its approved therapy Lyfgenia is the only other one-time genetic medicine for sickle cell disease on the US market, so it competes with Casgevy patient by patient at the same treatment centres.

Caribou Biosciences, Inc.CRBU

Caribou builds gene-edited, off-the-shelf allogeneic CAR-T cell therapies for blood cancers and autoimmune disease — the same field as CRISPR Therapeutics' allogeneic CAR-T programmes.

Prime Medicine, Inc.PRME

Prime Medicine's prime-editing platform chases the same genetic diseases with a rival editing technology, competing for the same future patients and for partner and investor capital.

Bilanz & Liquidität

Umsatz

$13M

Letzte 12 Monate (bis 30.6.2026)

Nettogewinn

$-451M

Letzte 12 Monate (bis 30.6.2026)

Freier Cashflow

$-346M

Gesamtes Eigenkapital

$1.92B

Gesamtverbindlichkeiten

$343M

Current Ratio

17.85

Zinsdeckungsgrad

-

Schulden/EBITDA

-

Gewinn je Aktie

Umsatz & Nettogewinn

Freier Cashflow

Ertragsaufschlüsselung

Historische Aufstellung

Margen im Zeitverlauf

Verschuldung im Zeitverlauf

Wie schwer die Schulden wiegen

Wachstumsraster

Wachstum — Umsatz

Innerer-Wert-Schätzung

Pre-RevenueFair bewertet

Innerer Wert

$65.80

Aktueller Kurs

$55.68

Sicherheitsmarge

+15.4%

Innerer-Wert-Spanne

$42.77 - $88.83

Streubreite zwischen den verwendeten Bewertungsmethoden, kein statistisch kalibriertes Konfidenzintervall.

Bewertungsmethoden

Kursziel der Analysten:$87.56
Diskontierter Cashflow (DCF):Nicht anwendbar für diesen Unternehmenstyp
Gewinnmultiplikator (P/E):Nicht anwendbar für diesen Unternehmenstyp
Graham-Wachstumsformel:Nicht anwendbar für diesen Unternehmenstyp
Ertragskraftwert (EPV):Nicht anwendbar für diesen Unternehmenstyp
Gerechtfertigtes P/B:Nicht anwendbar für diesen Unternehmenstyp
Dividendendiskontierung (Gordon):Nicht anwendbar für diesen Unternehmenstyp
P/FFO, Funds from Operations:Nicht anwendbar für diesen Unternehmenstyp
Gewinn im Zyklusmittel:Nicht anwendbar für diesen Unternehmenstyp
Umsatzmultiplikator:$0.55
Analystenkonsens:Kaufen (17B / 11H / 0S)
Letzte Gewinnüberraschung:+23.04%

Bewertungskennzahlen

P/E-Verhältnis

-

ROE

-30.3%

P/B-Verhältnis

3.06

P/FCF

-

Bruttomarge

-

ROIC

-16.8%

Rentabilitäts-Radar

Wertschöpfung (Wettbewerbsvorteil)

ROIC

-16.8%

WACC

13.2%

ROIC − WACC

-30.0 pp

Der ROIC liegt unter den Kapitalkosten: Das Unternehmen vernichtet für jeden investierten Dollar Wert.

Fundamentalanalyse-Kriterien

Bestanden (7)

  • Price CAGR 10.66%
  • Debt/Equity ratio
  • Current Ratio
  • Low reliance on intangibles
  • Revenue Growth 5Y 38.0%
  • Analyst Consensus 61% Buy
  • Earnings Surprise avg 3.3%

Nicht bestanden (11)

  • EPS shows upward trend
  • ROIC -16.8%
  • P/B Ratio 3.06
  • Operating Margin -3990.0%
  • Positive Free Cash Flow
  • Return on Tangible Assets
  • DCF valuation (Overvalued)
  • ROE -24.4%
  • Share Dilution 6.5%
  • Net Margin Trend -3368.7% vs -1229.4%
  • Piotroski F-Score 1/9

Nicht verfügbar (9)

  • Gross Margin NaN%
  • P/FCF NaN
  • Dividend Payout NaN%
  • CapEx intensity
  • Interest Coverage
  • Debt/EBITDA
  • Price below Graham Number
  • PEG Ratio (need PE > 0 and growth > 0)
  • Earnings Quality (OCF/Net Income)

Piotroski F-Score

1/9

Ernsthafte finanzielle Bedenken

score
criteria

Gewinnqualität

-

Niedrige Qualität: Rechnungslegung prüfen

Aktienverwässerung

6.5%

Neue Aktien werden ausgegeben, Eigentum wird verwässert

Institutionelle Beteiligungen

Für dieses Unternehmen liegen keine institutionellen Meldungen vor.

Unternehmensführung

Führungsteam

NamePositionAlter
Dr. Samarth Kulkarni Ph.D.CEO & Chairman47
Dr. Raju Yashaswi Prasad Ph.D.Chief Financial Officer41
Mr. James R. Kasinger J.D.General Counsel & Secretary53
Dr. Naimish Patel C.M., M.D.Chief Medical Officer53
Mr. Shaun Foy CFACo-Founder-
Dr. Emmanuelle Marie Charpentier Ph.D.Co-Founder & Scientific Advisory Board Member-
Dr. Craig C. Mello Ph.D.Scientific Founder & Advisory Board Member-
Dr. Chad A. Cowan Ph.D.Scientific Founder53
Dr. Matthew Porteus M.D., Ph.D.Scientific Founder & Advisory Board Member60
Dr. Daniel G. Anderson Ph.D.Scientific Founder & Advisory Board Member55

Prüfungsrisiko

8

Vorstandsrisiko

8

Vergütungsrisiko

10

Aktionärsrechterisiko

2

Teil 2 · Der Preis und der Einstiegszeitpunkt

Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.

Dokumente

  • Jahresbericht (10-K)

    Ein jährlicher Überblick über das Geschäft, die Finanzergebnisse und die Risiken des Unternehmens.

    Eingereicht am 2026-02-12

    Dokument ansehen
  • Quartalsbericht (10-Q)

    Ein Update zur finanziellen Entwicklung der letzten drei Monate.

    Eingereicht am 2026-08-03

    Dokument ansehen
  • Ad-hoc-Meldung (8-K)

    Eine Mitteilung über ein wichtiges Ereignis, etwa einen Führungswechsel oder eine bedeutende Ankündigung.

    Eingereicht am 2026-08-03

    Dokument ansehen

via SEC EDGAR

Ertragshistorie

via SEC EDGAR

Latest News

Recent headlines for CRSP, sourced from Markets Gazette.

  • 3/10/2026NEGATIVE
    This Is Why CRISPR Therapeutics Stock Is Tumbling on Tuesday

    CRISPR Therapeutics AG experienced a significant stock price decline on Tuesday, as current shareholders faced an unexpected development. While the specific catalyst is not detailed in the provided snippet, the market reaction suggests a negative event has occurred, potentially related to clinical trial results, regulatory hurdles, or competitive pressures. Investors are advised to monitor further announcements for clarity on the situation impacting the biotechnology firm's valuation.

  • 3/2/2026NEUTRAL
    Is CRISPR Therapeutics Stock Too Risky to Buy Right Now?

    CRISPR Therapeutics (CRSP) finds itself at a pivotal juncture, presenting a complex picture for investors. While the biotechnology firm currently struggles with profitability, a common challenge for companies in its developmental stage, it has achieved a significant milestone: the approval of a gene therapy treatment. This approval unlocks substantial future potential, positioning CRISPR as a key player in innovative medical solutions. However, the immediate lack of earnings raises questions about short-term financial stability versus long-term growth prospects. Investors must weigh the inherent risks of an unprofitable enterprise against the promising outlook of its groundbreaking therapeutic advancements.

via Markets Gazette